Auslanco - GBP/JPY and GBP/USD (newstrade)

Hahah..you r rock man..but we shall becarefull too with H1/H4 as support @ ~146.25 and if she close above daily pivot of 148.28..then she may sysho me for getting mad for a while ...My 25 lot size in zulu getting well since 148.255 and I will leave him alone till next week...

Anyway to Pit, mal,PB and the rest happy weekend and happy 'green pip' to all of you..Take care..

Looks like 137 area is a viable target ..

Wall Street's stunning six-week rally has been fed more by traders looking to take advantage of quick swings in the market than investors with a long-term view, NYSE Euronext (NYSE:NYX - News) CEO Duncan Niederauer told CNBC.

Because of that, the rally likely is to run out of steam as low volume eventually comes back to the bite the market, he said.
"It feels to me we're in a trader's market and not an investor's market," Niederauer said in a live interview from the exchange floor.
Markets are likely to near their March lows after an upswing that has sent the major indexes more than 20 percent higher, he said.

more...

yes bro...very very viable...

I would target 135 area is the max .. let's see ..

and this also
The Fed has spent just $1.503B on inflation-linked bonds in this, its last scheduled Tsys purchase for the week. Participating banks submitted $15.559B of paper for the operation, which focused on maturities ranging from 2010 to 2032. (ECB)

i say 130-118..wanna bet

I read on Soverign Societys Daily FX news letter today that Trichets comments were to keep the dollar propped up since that would get the EURO zone out of its slump quicker,if the EURO shoots through the roof it would be bad for the EURO zone. Just posting what I read.

I have learned alot from this thread,I want to thank Malcomb, Q, and many others sincerely I almost blew my account,and I am slowly turning it around.I have observed this thread for about 4 months now. THANKYOU!!!

hahaha .. no need to bet bro, I just ride a long then

Treasuries Price Chg Yield
1-Mo T-Bill 0.04 -.025 unch 0.041%
3-Mos T-Bill 0.14 -.13 up .004 0.142%
6-Mos T-Bill 0.34 -.335 up .009 0.345%
2-Year Note 99.252-.262 dn .044 0.985%
5-Year Note 99.086-.102 dn .186 1.905%
10-Year Note 98.11 -.12+ dn .290 2.945%
30-Year Bond 94.20+-.23 dn .114 3.802%
Fed funds are currently quoted at .125 bid,.187 asked,and last traded at .156.

Bernanke Says Crisis Damage Likely to Be Long-Lasting

By Craig Torres
April 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the collapse of U.S. lending will probably cause “long-lasting” damage to home prices, household wealth and borrowers’ credit scores.
“One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be,” the Fed chairman said today in a speech at the central bank’s community affairs conference in Washington. “The damage from this turn in the credit cycle -- in terms of lost wealth, lost homes, and blemished credit histories -- is likely to be long-lasting.”
The U.S. central bank has cut the benchmark lending rate to as low as zero and taken unprecedented steps to stem the credit crisis through direct support of consumer finance and mortgage lending. The Fed plans to purchase as much as $1.25 trillion in agency mortgage-backed securities this year to support the housing market and is providing financing for securities backed by loans to consumers and small businesses.
Bernanke and the Federal Reserve Board approved rules last July to toughen restrictions on mortgages, banning high-cost loans to borrowers with no verified income or assets and curbing penalties for repaying a loan early. The action came after members of Congress and other regulators urged the Fed to use its authority to prevent abusive lending.
‘Onerous’ Restrictions
“We should not attempt to impose restrictions on credit providers so onerous that they prevent the development of new products and services in the future,” Bernanke said. Regulations should ensure “innovations are sufficiently transparent and understandable to allow consumer choice to drive good market outcomes.”
Bernanke didn’t discuss the outlook for the economy. Central bankers next meet April 28-29. At their March meeting, policy makers said they saw “downside risks as predominating in the near term,” according to minutes released April 8.
Lenders, including non-bank financial companies, expanded mortgage and other lending this decade to borrowers with blemished or scant credit histories. Subprime mortgage originations rose to $600 billion in 2006, an increase from $160 billion in 2001, according to newsletter Inside Mortgage Finance.
Bernanke said the packaging and sale of mortgages into securities “appears to have been one source of the decline in underwriting standards” because originators have less stake in the risk of a loan.
‘Right Direction’
“The Fed is walking in the right direction on a number of issues, and it has opened doors for real action,” said Jim Carr, chief operating officer at the National Community Reinvestment Coalition, an association of non-profit organizations dedicated to improving financial services. “But we are still waiting for more aggressive enforcement.”
Subprime mortgage delinquencies stood at 22 percent in the fourth quarter compared to 5 percent for loans to the highest- rated or “prime” borrowers, according to the Mortgage Bankers Association.
“Something went wrong,” Bernanke said. “We have come almost full circle with credit availability increasingly restricted for low- and moderate-income borrowers.”
The recession that began in December 2007 has come at a high cost to American employment and wealth.
Unemployment rose to 8.5 percent in March, the highest since 1983. U.S. home prices fell 8.2 percent in 2008, according to the Federal Housing Finance Agency. Household net worth fell $11.2 trillion in 2008, according to Fed data.
Homeownership Rates
U.S. homeownership rates fell to 67.5 percent in the fourth quarter of 2008 from 68.9 percent in the same quarter of 2006, according to U.S. Census Bureau data. Black homeownership rates have fallen to 46.8 percent from 48.2 percent in the same period, and Hispanic homeownership stood at 48.6 versus 49.5 percent.
Mortgage delinquencies in the fourth quarter increased to a seasonally adjusted 7.88 percent of all loans, the highest in records going back to 1972, according to the Mortgage Bankers Association. Loans in foreclosure rose to 3.30 percent, also an all-time high.
To contact the reporter on this story: Craig Torres in Washington at [color=#0000ff][email protected][/color]
Last Updated: April 17, 2009 13:58 EDT

or he Signaled his buddies in Wall Street, that Short Sell is ON now for next FEW WEEKS...

today, we had 2 signals Generated:

BEN,

Trichett

Enjoy your Shorts from now Guys...

hhaaha .. good catch bro .. http://www.forexfactory.com/images/icons/icon7.gif

New York DJ Indus 8156.89 31.46 0.39 -7.06 Intraday
Nasdaq 1674.58 4.14 0.25 +6.19 Intraday
NYSE Comp 5503.29 49.02 0.90 -4.41 Intraday
S&P 500 870.68 5.38 0.62 -3.61 Intraday
Russell 2000 480.04 6.16 1.30 -3.89 Intraday
DJ TSM 8907.36 67.11 0.76 -1.98 Intraday
Toronto S&P/TSX 9459.79 116.42 1.25 +5.25 Intraday
London FTSE 100 4092.80 39.82 0.98 -7.70 Close
FTSE 250 7307.73 82.97 1.15 +14.89 Close
Frankfurt Xetra DAX 4676.84 67.38 1.46 -2.77 Close
Paris CAC40 3091.96 53.78 1.77 -3.92 Close
Tokyo Nikkei Stock 8907.58 152.32 1.74 +0.54 Close
Nikkei 300 171.50 2.94 1.74 -2.00 Close
Hong Kong Hang Seng 15601.27 18.28 0.12 +8.44 Close
Sydney S&P/ASX 200 3776.70 1.00 0.03 +1.46 Close
All Ord 3728.10 2.50 0.07 +1.88 Close

DJ Europe STOXX 600 196.96 3.14 1.62 +0.03 Close
STOXX 50 1996.04 23.89 1.21 -3.36 Close
EuroSTOXX50 2341.15 40.64 1.77 -4.50 Close
Amsterdam AEX 243.81 5.32 2.23 -0.87 Close
Athens ASE 1973.25 44.96 2.33 +10.45 Apr 16
Brussels BEL-20 1923.46 49.59 2.65 +0.78 Close
Copenhagen OMXC20 264.48 11.82 4.68 +6.77 Close
Dublin ISEQ 2449.74 28.14 1.16 +4.54 Close
Helsinki OMX Helsinki 5404.03 125.19 2.37 +0.01 Close
Istanbul IMKB-100 29445.96 -77.19 -0.26 +9.61 Close
Jo-burg All Share 20814.69 -122.18 -0.58 -3.23 Close
Lisbon PSI General 2266.10 30.41 1.36 +9.28 Close
Madrid IBEX 35 9030.90 156.40 1.76 -1.79 Close
Milan S&P/MIB 18510 356 1.96 -4.88 Close
Mibtel 14619 248 1.73 -3.16 Close
Oslo OBX Stock 221.57 7.52 3.51 +11.27 Close
All-Share 289.66 8.20 2.91 +7.20 Close
Prague PX 845.30 -4.30 -0.51 -1.50 Close
Russia RTS 834.59 15.02 1.83 +32.08 Close
Vienna ATX 1914.24 53.56 2.88 +9.33 Close
Zurich Swiss Mkt 5192.63 28.68 0.56 -6.18 Close

DJ Pacific Pan-Asia 92.09 0.56 0.61 -1.60 Close
Bangkok SET 456.80 3.83 0.85 +1.52 Close
Mumbai Sensitive 11023.09 75.69 0.69 +14.26 Close
Jakarta JSX Comp 1634.79 9.70 0.60 +20.61 Close
Kuala L Composite 965.17 3.89 0.40 +10.08 Close
Manila PSE 2094.13 29.47 1.43 +11.82 Close
Saudi Arabia TASI 5377.24 -66.86 -1.23 +11.96 Apr 15
Seoul Kospi 1329.00 -7.72 -0.58 +18.19 Close
China DJ CBN 600 21759.81 -278.17 -1.26 +47.37 Close
Shanghai Composite 2503.94 -30.20 -1.19 +37.52 Close
Shanghai A Share 2628.30 -31.58 -1.19 +37.48 Close
Shanghai B Share 163.96 -3.76 -2.24 +47.82 Close
Shenzhen A Share 890.46 -14.53 -1.61 +53.13 Close
Shenzhen B Share 374.44 -3.62 -0.96 +38.03 Close
Singapore Straits T 1896.56 4.81 0.25 +7.66 Close
Taipei Weighted 5755.38 -241.79 -4.03 +25.36 Close
Wellington NZSX-50 2711.27 48.13 1.81 -0.16 Close

Buenos A MERVAL 1260.42 5.69 0.45 +16.74 Intraday
Caracas General 43894.39 -421.40 -0.95 +25.67 Intraday
Mexico C IPC 22351.05 161.85 0.73 -0.13 Intraday
Santiago IPSA 2671.60 -14.69 -0.54 +12.42 Intraday
Sao Paulo BOVESPA 46049.35 24.57 0.05 +22.63 Intraday

Fed Chairman Ben Bernanke defends financial innovation but says the current crisis proves policy makers must make sure new, complex financial products are transparent enough to enable customers to make reasonable decisions.
yeah!! we will make our decision...see you on the down side bro...

Can you please explainn to a newbie what is the Gann... Dady.
Thank you.

one further thing that could set things off is the WFC official earnings report (not like that rumourmongering one set off last week).

$0.55 eps priced in. If WFC is forced to take a higher provisions for loss then this could really hurt the earnings. remember alot of analysts were calling for $5-6 billion worth of provisions rather than the $3.3 billion booked. If this were true than the earnings would have been anywhere between $0-1 billion in aggregate which means an $0-0.18 eps, or about half of the original analyst estimates.

hello ALL,

I had a long with MM. My BROKERS sever is down .. cant get charts ATM.... dont know where market closed today.. can someone please post price thanks.. I was away all day today... dont know what happened


Thanks

RECESSION IS OVER BERNANKE TO RESCUE..... AWESOME .. OFF TO CELEBRATE !!! LOL

have a great weekend everyone

go to www.babypips.com